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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Office buildings
301 Vly S Hwy Pacific, WA 98047-1303
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-1372143
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1945
Construction
WOOD
Total area
1,728 SF
Lot
2.67 ac (116,450 SF)
Zoning code
IL
APN
335340-4200
UPID
US90-1372143
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$360k
CAP Approach
CAP
$600k
Comparable Approach
Comparable
$684k
Blend (final)
Blend
$500k
Owner & transaction history
Jerald D Eck 411 Realestate Ll · 8 yrs held
Jerald D Eck 411 Realestate Ll
since 2018
7 recorded transactions
Zoning & alternative use
IL · Pacific, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$685,000
+36.1%
Auto repair, garage
$595,000
+18.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pacific submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pacific submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$360,000
CAP Approach
CAP Return
Estimation
6%
$650,000
6.5%
$600,000
7%
$555,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$500,000
Current use
MEDICAL BUILDING
$685,000
Change: +36% · Conversion: Easy
AUTO REPAIR, GARAGE
$595,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$475,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$460,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$500k
Range $450k – $550k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$289 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$34,382
Tax year 2022
Assessed value
$1,647,400
Assessed 2022
Previous assessed
$1,647,400
+0.0% YoY
Effective rate
2.09%
On assessed value
Assessed land
$1,397,400
Assessed improvement
$250,000
Land market value
$1,397,400
Improvement market value
$250,000
Total market value
$1,647,400
Applied tax rate
1,960.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1945
Construction
WOOD
Heating
ELECTRIC
Stories
2
Total area
1,728 SF
Lot
2.67 ac (116,450 SF)
Zoning code
IL
APN
335340-4200
UPID
US90-1372143
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IL · Pacific, WA
Zoning IL · permitted uses
IL · Pacific, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pacific. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$500,000
MEDICAL BUILDING
Est. value
$685,000
AUTO REPAIR, GARAGE
Est. value
$595,000
WAREHOUSE, STORAGE
Est. value
$475,000
RETAIL STORES
Est. value
$460,000
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1945
Construction
WOOD
Heating
ELECTRIC
Stories
2
Lot
2.67 ac
Current owner
From public records · entity-resolved
Jerald D Eck 411 Realestate Ll
Individual
Mailing address
405 W VLY HWY S, PACIFIC, WA 98047-1302
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2025
—
The Swamp LLC
—
Deed
related
$1,975,000 · Velocity Commercial Capital LLC
Jun 19, 2018
—
Jerald D Eck 411 Realestate Ll
Eck Jerald D
Quit Claim Deed
related
$1,160,000 · Bank Of West
May 24, 2016
—
Jerald D Eck 411 R & E LLC
Eck,jeral D
Quit Claim Deed
related
$519,900 · Seacoast Commerce Bank
Jun 6, 2008
—
Jerald D Eck Real Estate LLC
Eck,jerald D
Quit Claim Deed
related
—
Jan 15, 2003
—
Jerald Eck
Eck,derris
Quit Claim Deed
related
—
Jan 9, 1997
—
Stephen Madsen
Key Bank Of Washington
Quit Claim Deed
related
—
—
—
Jerald D Eck
—
Deed Of Trust
related
$632,000 · Key Bank NA
—
—
Jerald D Eck 411 Realestates L
—
Deed Of Trust
related
$1,160,000 · Bank Of West
—
—
Stephen C Madsen
—
Deed Of Trust
related
$60,000 · Us Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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